Code of Virginia - Title 8.9A Commercial Code - Secured Transactions - Section 8.9A-402 Secured party not obligated on contract of debtor or in tort

§ 8.9A-402. Secured party not obligated on contract of debtor or in tort

The existence of a security interest, agricultural lien, or authority given to a debtor to dispose of or use collateral, without more, does not subject a secured party to liability in contract or tort for the debtor's acts or omissions.

(1964, c. 219, § 8.9-317; 2000, c. 1007.)

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Last modified: April 3, 2009